If Bitcoin had a stable price, would it still be as popular? - page 89.

sana54210

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Quote from: wicaksono on April 24, 2017, 07:40:12 AM

As always bitcoin will remain popular and the price is now soaring from your estimate of $ 0.01 - 0.10

So what are you waiting for, just believe with bitcoin now

Yes, looking at the prices of the huge difference of what the bitcoin started with and what is the current price we can say that it’s a time of the Bitcoin. No one was ready to believe it initially. Only a few people, who were smart enough, foresighted to understand the concept availed the great chance. Even for now is an opportunity to avail and now a day people are adopting it. This makes me to say that the bitcoin is not going to lose its popularity ever.

hatshepsut93

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The answer depends on what do you mean by words "used" and "popular". If Bitcoin price was stable, it would be more accepted as a currency, but it's hard to tell how big this effect would be, since there are many other factors that prevent mass adoption. As for trading, in real life nothing stays the same in price for long, unless it's useless (like dead altcoins). So it's unrealistic to think about effects of stale price on trading.

jak3

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I donno I have seen many altcoins which has price less than 1$ and they are quite popular. well its try they are not as popular as bitcoin and the only reason behind it is its huge rising price which is like sun besides a planet. obviously its the price everyone look but if it had stable price then also people gonna love it maybe then they will not even hesitate to give bitcoins as tips

wutard

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Quote from: PinkLlama on May 03, 2016, 04:37:56 AM

Do you think if BTC had a stable price which could only be altered by $0.01-0.10 it would still be as popular and as used?

I do not think that bitcoin will be more stable, because it is not regulated by anyone and depends only on user activity.

bouren

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Did you mean Bitcoin with no volatility!! How can we recognize Bitcoin to be Bitcoin after that??
It will become merely a piggy bank and will limited to the function of 'store of value'
As a result of which it would left behind in popularity from other investing means like stocks and its uses get limited.

lilit

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Quote from: PinkLlama on May 03, 2016, 04:37:56 AM

Do you think if BTC had a stable price which could only be altered by $0.01-0.10 it would still be as popular and as used?

I think bitcoin with a stable price will not be so popular, because it can not be earned with an increase in price.

geegaw

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Quote from: Ashong Salonga on April 27, 2017, 07:29:21 PM

Quote from: NEWGOODOUBLE on April 27, 2017, 06:23:13 PM

Quote from: fopilo on April 25, 2017, 10:57:38 PM

i think bitcoin will be more popular when bitcoin have fluctuating prices. you can see the volume in each exchange can rise so high. I would expect that it would be more accepted by people as a stable store of value. However, It may not be used as a long term investment because there would be little potential for gain.

That's right, you'll see the bitcoin market volume drops when the bitcoin price is stable. And volume will rise when prices move fast. I think users prefer fluctuations rather than stable prices

I have to agree. Trading in a currency which is stable isn't worth it to trade since there is no advantage from them. Thus, they can't buy low and sell high. As a trader, no one will choose stable market if it is possible.

Yeah, traders never like stability coming from bitcoin, they always want the price of bitcoin will fluctuate every day, that could help traders earn profit from bitcoin. Stable price means no change over time, no investment attraction and no development, if it goes on, it will be the past and I believe that nobody likes to invest in places where there is no future. And I also believe that if there is no fluctuation, traders will also create volatility. Traders make profit based on fluctuations, if there is no volatility they will not survive

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So anyway, I applied as a merit source :)

Quote from: SingAlong on April 27, 2017, 11:10:15 PM

Quote from: Sled on April 27, 2017, 10:03:44 PM

Quote from: romero121 on April 27, 2017, 09:53:50 PM

Quote from: Wowcoin on April 27, 2017, 08:47:28 PM

Yes of course it still be popular we know that bitcoin if stable in a month expect that for a next month its been goes up or down. That is bitcoin there is always have fluctuation.

Price stabilty can be experienced often with bitcoin. Even when it is stable minor price fluctuations can be felt. In my opinion even if the price is stable people will use it, because of its increased price serving as a storage token helpful in tax evasion and for gambling and related needs.

I agree that people will use bitcoin even more if it has a stable price because they will just treat bitcoin as their secondary money and they can easily use it online with a lot of advantages like security where bitcoin is anonymous and also saving money because it is cheap to do transaction rather than in the bank and also fast.

Also the people will worry less of their money in Bitcoin due to its stability of price if ever. Though the fluctuations have its benefits that a lot of people benefited from it which is also nice. The point is the user of Bitcoin not seeing the price as the only edge of this cryptocurrency and it has a lot to offer than this.

I think people will worry more specially the traders is the prices become stable. But it wont remain stable for long, because some people will start selling and prices will fall and again someone will buy and prices will rise - and bitcoin will be volatile once again Volatility in crypto market is a temporary issue, specially for bitcoin since it is bound to be volatile due the the huge volumes traded everyday.

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Quote from: SingAlong on April 27, 2017, 11:10:15 PM

Quote from: Sled on April 27, 2017, 10:03:44 PM

Quote from: romero121 on April 27, 2017, 09:53:50 PM

Quote from: Wowcoin on April 27, 2017, 08:47:28 PM

Yes of course it still be popular we know that bitcoin if stable in a month expect that for a next month its been goes up or down. That is bitcoin there is always have fluctuation.

Price stabilty can be experienced often with bitcoin. Even when it is stable minor price fluctuations can be felt. In my opinion even if the price is stable people will use it, because of its increased price serving as a storage token helpful in tax evasion and for gambling and related needs.

I agree that people will use bitcoin even more if it has a stable price because they will just treat bitcoin as their secondary money and they can easily use it online with a lot of advantages like security where bitcoin is anonymous and also saving money because it is cheap to do transaction rather than in the bank and also fast.

Also the people will worry less of their money in Bitcoin due to its stability of price if ever. Though the fluctuations have its benefits that a lot of people benefited from it which is also nice. The point is the user of Bitcoin not seeing the price as the only edge of this cryptocurrency and it has a lot to offer than this.

Well, if the price will be stable and will barely move that means traders will not be happy with it and it is good to invest for long term than day trading. The future might look that way because if there will be major businesses that will consider accepting bitcoin, we might see a big demand of it's supply.
We never knew what the future will be but let's take advantage of the present, buy as much as you can and hold it for better value in the future.

SingAlong

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Quote from: Sled on April 27, 2017, 10:03:44 PM

Quote from: romero121 on April 27, 2017, 09:53:50 PM

Quote from: Wowcoin on April 27, 2017, 08:47:28 PM

Yes of course it still be popular we know that bitcoin if stable in a month expect that for a next month its been goes up or down. That is bitcoin there is always have fluctuation.

Price stabilty can be experienced often with bitcoin. Even when it is stable minor price fluctuations can be felt. In my opinion even if the price is stable people will use it, because of its increased price serving as a storage token helpful in tax evasion and for gambling and related needs.

I agree that people will use bitcoin even more if it has a stable price because they will just treat bitcoin as their secondary money and they can easily use it online with a lot of advantages like security where bitcoin is anonymous and also saving money because it is cheap to do transaction rather than in the bank and also fast.

Also the people will worry less of their money in Bitcoin due to its stability of price if ever. Though the fluctuations have its benefits that a lot of people benefited from it which is also nice. The point is the user of Bitcoin not seeing the price as the only edge of this cryptocurrency and it has a lot to offer than this.

Sled

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Quote from: romero121 on April 27, 2017, 09:53:50 PM

Quote from: Wowcoin on April 27, 2017, 08:47:28 PM

Yes of course it still be popular we know that bitcoin if stable in a month expect that for a next month its been goes up or down. That is bitcoin there is always have fluctuation.

Price stabilty can be experienced often with bitcoin. Even when it is stable minor price fluctuations can be felt. In my opinion even if the price is stable people will use it, because of its increased price serving as a storage token helpful in tax evasion and for gambling and related needs.

I agree that people will use bitcoin even more if it has a stable price because they will just treat bitcoin as their secondary money and they can easily use it online with a lot of advantages like security where bitcoin is anonymous and also saving money because it is cheap to do transaction rather than in the bank and also fast.

romero121

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Quote from: Wowcoin on April 27, 2017, 08:47:28 PM

Yes of course it still be popular we know that bitcoin if stable in a month expect that for a next month its been goes up or down. That is bitcoin there is always have fluctuation.

Price stabilty can be experienced often with bitcoin. Even when it is stable minor price fluctuations can be felt. In my opinion even if the price is stable people will use it, because of its increased price serving as a storage token helpful in tax evasion and for gambling and related needs.

TIDOVEE

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From its instability there are fall in value not only a rise, the same goes to the fact that, when it falls it doesn't become less popular and its neither the rise the makes it more popular. so, if bitcoin had a stable price, it doesn't stop it from becoming popular.

CraigWrightBTC

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Quote from: ?? on ??

Supposed to be. Yeah.

Yes of course bitcoin is still be popular although it had stable price the reasons is because of stable
will many people make investments into bitcoin for long time,
usually the investors who make investments or the other people who want put their whealty in bitcoin
although bitcoin is stable it will be increasing little by little every years.

Wowcoin

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Yes of course it still be popular we know that bitcoin if stable in a month expect that for a next month its been goes up or down. That is bitcoin there is always have fluctuation.

Ashong Salonga

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Quote from: NEWGOODOUBLE on April 27, 2017, 06:23:13 PM

Quote from: fopilo on April 25, 2017, 10:57:38 PM

i think bitcoin will be more popular when bitcoin have fluctuating prices. you can see the volume in each exchange can rise so high. I would expect that it would be more accepted by people as a stable store of value. However, It may not be used as a long term investment because there would be little potential for gain.

That's right, you'll see the bitcoin market volume drops when the bitcoin price is stable. And volume will rise when prices move fast. I think users prefer fluctuations rather than stable prices

I have to agree. Trading in a currency which is stable isn't worth it to trade since there is no advantage from them. Thus, they can't buy low and sell high. As a trader, no one will choose stable market if it is possible.

NEWGOODOUBLE

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Quote from: fopilo on April 25, 2017, 10:57:38 PM

i think bitcoin will be more popular when bitcoin have fluctuating prices. you can see the volume in each exchange can rise so high. I would expect that it would be more accepted by people as a stable store of value. However, It may not be used as a long term investment because there would be little potential for gain.

That's right, you'll see the bitcoin market volume drops when the bitcoin price is stable. And volume will rise when prices move fast. I think users prefer fluctuations rather than stable prices

Supercrypt

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Quote from: Finestream on April 24, 2017, 06:57:36 AM

Quote from: xSkylarx on April 24, 2017, 12:04:16 AM

Quote from: PinkLlama on May 03, 2016, 04:37:56 AM

Do you think if BTC had a stable price which could only be altered by $0.01-0.10 it would still be as popular and as used?

BTC will still stay popular because it has a lot of edges it can offer but it is in no doubt that if this will happen the BTC will lose one of its edges but also having a stable price means less risks in your money and let it rest without worrying too much though I still prefer BTC's fluctuating price because I make a lot of profit with it.

It will not be popular, the amount stated was close to being worthless and the current price with $1,200 per bitcoin now is already a big success, so when we will see the value of bitcoin is just $0.01-0.10, I think no one will ever gonna buy bitcoin anymore. At that time, maybe there's a new crypto currency that will take over the position of bitcoin and it could be the ETH or DASH. Grin

As the bitcoin has crossed $1,300 per bitcoin it shows us the popularity it has gained and is gaining. The bitcoin still have a long way to go yet. The continuous increase in the bitcoin price is very encouraging for those using and saving it. If it fails in growing more and the prices become stable at a time then it may be a turning point for the people attached with it. Logically it is not possible but somehow if it happens, people will switch to something else.

raven7886

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Quote from: MingLee on April 23, 2017, 08:13:21 PM

I personally don't subscribe to the thought that most people use Bitcoin for shopping, I believe a majority of people use it for a lot of different purposes, the most common of which is often speculation or just holding for the market to go up. If there were more shops across the board that accepted Bitcoin, then I could see it being a more popular portion of the community, but the taste of money is just something most people don't want to ever see get out of their mouths.
Bitcoin will continue to be important as long as the community remains captivated.

For sure there are people who are holding the Bitcoin for the reason to get a higher return on it. But denying the fact that if you deal it as a currency or money you need to make some shopping with it. And I’ve seen people doing it. The fact is that they deal the bitcoin just like the other money. If you are considering the Bitcoin as a commodity and not a currency, than you are good to practice it by only saving it.

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Quote from: Fatanut on April 27, 2017, 02:18:48 PM

Quote from: PhucS on April 26, 2017, 11:44:45 AM

I think if Bitcoin has a stable price, it is still used by many users and will even become more popular. It will attract more people. Stable prices will make it more bold to invest in Bitcoin because when bitcoin prices fluctuate, few people dare to invest because they fear that Bitcoin will go down, they will lose profits. However, traders would not like it because they would have little profit in trading Bitcoins if Bitcoin prices were stable.

And the majority of huge bitcoin investors are traders. So, do you still think that bitcoin will continue to be popular when it has a stable price? How is bitcoin even different from fiat when it has a stable price? Sure there's anonymity feature, low transaction cost, etc. But you also already have that when you're transacting fiat. When you pay with paper fiat, they don't have the logs of that coin to see the people that once held the coin. Transaction cost is even free

I'm sorry, but it is obvious that you are not a trader

At least, not a very experienced one since otherwise you would have known that there are quite a few instruments to provide you with any level of volatility you may ever be looking for. Even for the most stable fiat currencies like the US dollar or Swiss franc there are financial instruments which give you volatility by far exceeding that of Bitcoin (e.g. volatility indexes, which are devastatingly brutal in this regard). Moreover, even with Bitcoin major exchanges now support margin trading which basically multiplies volatility by the leverage you take

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